CVS Health (CVS) stock tumbles as earnings, guidance miss expectations

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Go back to CVS Health (CVS) stock tumbles as earnings, guidance miss expectations

CVS Health (CVS) PT Lowered to $77 at BofA Securities

May 2, 2024 5:38 AM EDT

BofA Securities analyst Michael Cherny lowered the price target on CVS Health (NYSE: CVS) to $77.00 (from $95.00) while maintaining a Buy rating.

The analyst comments "Shares of CVS currently trade at 8x earnings, implying investors have substantial doubt the company can... More

CVS Health (CVS) Misses Q1 EPS by 38c; Lowers Outlook

May 1, 2024 6:34 AM EDT

CVS Health (NYSE: CVS) reported Q1 EPS of $1.33, $0.38 worse than the analyst estimate of $1.71. Revenue for the quarter came in at $88.4 billion versus the consensus estimate of $89.33 billion.

GUIDANCE:

CVS Health sees FY2024 EPS of $7.00, versus the consensus of... More

Fed meeting, Amazon results, struggling US consumers - what's moving markets

May 1, 2024 5:02 AM EDT

Investing.com -- The U.S. Federal Reserve concludes its latest policy-setting meeting later Wednesday, while Amazon's first-quarter results largely impressed. Crude prices have been hit by a large build in U.S. inventories, while Wall Street looks set to start the new month on a negative note. 


1. Powell in focus as Fed meeting concludes

The Federal Reserve concludes its latest two-day policy meeting later in the session - the marquee event for markets this week.


The U.S. central bank is... More

CVS Health (CVS) PT Lowered to $85 at UBS

April 29, 2024 6:18 AM EDT

UBS analyst Kevin Caliendo lowered the price target on CVS Health (NYSE: CVS) to $85.00 (from $90.00) while maintaining a Buy rating.

The analyst comments " Our FY24 EPS estimate of $8.00 (prev. $8.24) falls based on our elevated MLR forecast for the full year (+40bps).... More